Tiger Global Management Llc Purchases 103,292 Shares of Sunrun Inc (RUN) Stock

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Sunrun Inc (NASDAQ:RUN) major shareholder Tiger Global Management Llc bought 103,292 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was purchased at an average price of $15.64 per share, for a total transaction of $1,615,486.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Tiger Global Management Llc also recently made the following trade(s):

  • On Friday, May 17th, Tiger Global Management Llc bought 146,708 shares of Sunrun stock. The stock was purchased at an average price of $15.78 per share, for a total transaction of $2,315,052.24.
  • On Friday, March 1st, Tiger Global Management Llc bought 334,163 shares of Sunrun stock. The stock was purchased at an average price of $15.92 per share, for a total transaction of $5,319,874.96.
  • On Tuesday, March 5th, Tiger Global Management Llc bought 766,201 shares of Sunrun stock. The stock was purchased at an average price of $16.26 per share, for a total transaction of $12,458,428.26.

Shares of NASDAQ RUN opened at $16.70 on Thursday. Sunrun Inc has a 1-year low of $8.81 and a 1-year high of $17.44. The stock has a market cap of $1.78 billion, a PE ratio of 72.61, a P/E/G ratio of 3.37 and a beta of 0.58. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 1.64.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.43). Sunrun had a negative net margin of 1.88% and a negative return on equity of 1.19%. The company had revenue of $194.50 million for the quarter, compared to analyst estimates of $152.90 million. Equities analysts anticipate that Sunrun Inc will post 0.94 EPS for the current year.

Several research firms recently issued reports on RUN. Bank of America restated a “buy” rating and issued a $23.50 target price (up previously from $17.50) on shares of Sunrun in a report on Thursday, April 25th. BidaskClub upgraded shares of Sunrun from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 8th. ValuEngine upgraded shares of Sunrun from a “buy” rating to a “strong-buy” rating in a report on Friday, March 1st. Credit Suisse Group set a $24.00 target price on shares of Sunrun and gave the company a “buy” rating in a report on Friday, March 1st. Finally, Zacks Investment Research upgraded shares of Sunrun from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Sunrun presently has a consensus rating of “Buy” and a consensus price target of $18.94.

Several hedge funds and other institutional investors have recently made changes to their positions in RUN. Dimensional Fund Advisors LP grew its stake in shares of Sunrun by 230.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 505,989 shares of the energy company’s stock valued at $6,295,000 after purchasing an additional 352,702 shares during the period. Neuberger Berman Group LLC grew its position in Sunrun by 881.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,517,568 shares of the energy company’s stock worth $31,318,000 after acquiring an additional 2,260,933 shares during the last quarter. Morgan Stanley grew its position in Sunrun by 104.8% during the 3rd quarter. Morgan Stanley now owns 1,371,638 shares of the energy company’s stock worth $17,064,000 after acquiring an additional 701,745 shares during the last quarter. Vanguard Group Inc. grew its position in Sunrun by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,664,932 shares of the energy company’s stock worth $95,351,000 after acquiring an additional 618,002 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in Sunrun by 1.4% during the 3rd quarter. Teachers Advisors LLC now owns 200,248 shares of the energy company’s stock worth $2,491,000 after acquiring an additional 2,837 shares during the last quarter. Hedge funds and other institutional investors own 84.91% of the company’s stock.

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About Sunrun

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

See Also: Blockchain

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